By Emeka Anaeto, Business Editor
CORPORATE results for full year 2017 have been rolling into the Nigerian Stock Exchange, NSE, since after the Nigerian Breweries, NB Plc, blazed the trail previous week. The highlights have shown mixed performances, a development which also came along side mixed performances in equities trading.
But trading appears to be bullish because of high expectations of impressive results from the oil & gas sector as well as the banking sector.
Nestlé Nigeria
Last weekend the multinational beverages giant, Nestle Nigeria Plc, turned in a moderately impressive earnings report for FY ’17. Revenue was up by 35.2 percent, slightly under-performing cost of sales which rose by 34.4 percent. But Net Finance Cost was hugely impressive declining by 46.8 percent, though OPEX spiked by 21.7percent.
Consequently, the bottomline was hugely impressive with Earnings…
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